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Why an $80 barrel of oil is bad (Alex Russell, The Conversation) The price of oil has dropped suddenly by 20% or more in recent months and that may have negative consequences for North Sea crude. Investment had been increasing recently to increase production in the waters around Scotland but, at $80 a barrel the economics don't support continuing.

Follow up:

So, if oil remains at $80 (or goes even lower), North Sea production may continue to slide as it has in recent years as the increased investment will be curtailed.

This flood of money, arriving from China despite strict currency controls, has helped the city build a $20 million high school performing arts center and the local Mercedes dealership expand. "Thank God for them coming over here," says Peggy Fong Chen, a broker in Arcadia for many years. "They saved our recession." The new residents are from China's rising millionaire class-entrepreneurs who've made fortunes building railroads in Tibet, converting bio-energy in Beijing, and developing real estate in Chongqing. One co-owner of a $6.5 million house is a 19-year-old college student, the daughter of the chief executive of a company the state controls.

Why the Republicans will Win the 2014 Elections (Walter Kurtz, The Daily Shot email, no url)

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